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Business Process Outsourcing (BPO) Market Size study, by Type (HR, Procurement, Customer Care, Logistics, Others), by Application (BFSI, Manufacturing, Healthcare, Retail, Telecom, Others)- Global opportunity Analysis and Industry Forecast 2019-2025

Description

Global Business Process Outsourcing (BPO) Industry valued approximately USD 189.61 billion in 2017 is anticipated to grow with a healthy growth rate of more than 7.75% over the forecast period 2019-2025. The Business Process Outsourcing (BPO) Industry is continuously growing in the global scenario at significant pace. Business Process Outsourcing (BPO) is a business practice in which one organization hires another company to perform a task that hiring organization requires for its own business to successfully operate. Surging number of organization indulged in business outsourcing, rising focus on workload management and surging adoption of outsourcing for back office operations are the substantial driving factors of the Industry during the forecast period. Moreover, increasing number of call centers and BPO is the major factors that likely to create numerous opportunity in the near future. In addition, Business Process Outsourcing (BPO) is very cost effective for the client company as well as increases the speed of business processes outsourced to them thereby is another factors that impelling the growth in the Industry of Business Process Outsourcing (BPO) during the forecast period. However, security & privacy concern is one of the major factors that limiting the growth of the Industry across the world.
The regional analysis of Global Business Process Outsourcing (BPO) Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of Industry share due to rising demand for cloud computing technology and rising adoption of outsourcing in the region. North America is estimated to grow at stable growth rate in the global Business Process Outsourcing (BPO) Industry over the upcoming years. Further, Asia-Pacific anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to increasing number of call centers in the region.
The

Business Process Outsourcing (BPO) Industry Share and Size by 2019-2025
Business & Services
Business Process Outsourcing (BPO) Market Segmentation:
By Type:
HR
Procurement
Customer Care
Logistics
Others

By Application:
BFSI
Manufacturing
Healthcare
Retail
Telecom,
Others

By Region
* North America
- USA
- Canada
* Europe
- Germany
- U.K.
- France
- Italy
- Rest of Europe
* APAC
- China
- India
- Japan
- Rest of Asia-Pacific
* RoW
- Latin America
- Middle East & Africa

Major Market Players in Business Process Outsourcing (BPO) Market are as follows:
Accenture
Cognizant
Delloite
Genpact
TCS
IBM Corporation

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